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India's PMI faces 6-month high growth
Mon, 02 Jan 2012 11:13:12 GMT
 
India's industrial production expanded in December reaching the quickest pace in 6 months strengthening inflationary pressure and lessening possibility for the national bank to lower interest rates. In December Purchasing Managers' Index climbed to 54.2 >>
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India government to allow foreign investors to purchase stocks
Mon, 02 Jan 2012 09:15:17 GMT
 
India's government has decided to allow foreign individual investors to purchase directly domestic equities as the nation attempts to stimulate capital inflows and lessen volatility in its financial markets. The new law is >>
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European leaders need to gain time to save Euro
Mon, 02 Jan 2012 09:14:48 GMT
 
European officials return from Christmas holidays striving for extra time to Italian and Spanish governments to put under control their debts and save the common currency. According to UBS AG debt worth about 157 >>
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China manufacturing PMI slightly up in December
Mon, 02 Jan 2012 07:46:50 GMT
 
China's production measure improved in December, indicating that a strike in the country's economy might be stabilizing despite European debt woe which weakens the exports outlook. Purchasing Managers' Index rose to 50.3 in December compared >>
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European stocks fall 11% in 2011
Mon, 02 Jan 2012 07:46:42 GMT
 
European shares experienced slight gains on the last trading day for 2011, but closed with significant yearly losses as European debt crisis hampered the region's economies. Stoxx Europe 600 index added 0.9% to >>
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Indonesia inflation slows down for a fourth straight month
Mon, 02 Jan 2012 07:46:33 GMT
 
Indonesian inflation slowed for the fourth consecutive month in December, reaching the lowest reading since 2010, said Jakarta based Central Bureau of Statistics. Consumer prices added 3.79% on a yearly basis compared to 3.86% >>
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Dow up 5.5%, S&P flat, while Nasdaq down 1.8% for 2011
Mon, 02 Jan 2012 07:46:19 GMT
 
US stocks closed lower on the last trading day for the year. S&P 500 Index fell 0.43% or 5.42 points to 1,257.60, Dow Jones Industrial Average declined 0.57% or 69.48 points finishing at >>
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South Korean Won weakens on anxiety European crisis will hit Asian economies
Mon, 02 Jan 2012 07:46:10 GMT
 
South Korean domestic currency Won depreciated as investors remained worried about European debt turmoil impact on Asia's growth. The Won lost 0.2% against greenback reaching 1,154.45 Won per one US Dollar. On yearly >>
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Asian stocks experienced decline on the first trading session
Mon, 02 Jan 2012 07:45:56 GMT
 
Most of Asian shares fell during the first trading session of 2012 on worries European debt turmoil will hinder global growth. South Korean Kospi was flat while Taiwan's Taiex Index dropped 1.7% after HSBC >>
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Purchasing Managers' Index deteriorates in South Korea and Taiwan
Mon, 02 Jan 2012 07:45:37 GMT
 
According to HSBC survey manufacturing outlook in Taiwan and South Korea contracted in December. HSBC's production Purchasing Managers' Index (PMI) for Taiwan firms was 47.1, remaining below 50 for a seventh consecutive month. >>
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Dow Jones up 6.1% for 2011
Fri, 30 Dec 2011 15:31:18 GMT
 
Dow Jones Industrial Average Index gained 1.12% or 135.63 points and finished at 12,287.04 on positive news about US long term employment tendencies. All 30 of blue chips constituents surged sending index 6.1% >>
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S&P 500 curtails part of its losses on Thursday
Fri, 30 Dec 2011 15:31:09 GMT
 
S&P 500 Index gained 1.07% or 13.38 points and closed 1,263.02 partly offsetting previous days' losses as the number of long-term unemployment claims indicated positive trend for US job market. All 10 industries >>
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Fitch ratings downgrades Egypt's currency debt
Fri, 30 Dec 2011 15:31:02 GMT
 
Fitch ratings agency downgraded Egypt's long term currency debt amid drop in central bank foreign reserves and doubt about IMF support. Fitch cut the rating from BB to BB- with a pessimistic outlook.  The reserves of Egyptian central bank lost 44% in 2011 >>
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Japan's benchmark Nikkei down 17.3% for 2011
Fri, 30 Dec 2011 15:30:53 GMT
 
Japan's Nikkei Stock Average gained 0.67% or 56.46 points on Friday closing at 8,455.35. Japan's leading exporters partly recovered from previous days' losses as Sony Corp. ascended 2%, Sharp Corp. climbed 1.1% while >>
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Hang Seng slightly up on the last trade of 2011
Fri, 30 Dec 2011 15:30:43 GMT
 
Hong Kong's Hang Seng Index mildly recovered from previous days' losses and finished 0.2% or 36.47 points higher at 18,434.39. Volumes were low as investors stayed cautious amid global uncertainty. Companies that are >>
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